World’s Lowest Mileage 1967 Shelby GT500 Going Under The Hammer

It’s safe to say for just about every Mustang enthusiast the thought of owning a genuine 1967 Shelby GT500 is stuff of dreams. What’s better than owning one you say? Well how about the GT500 with the lowest mileage in existence? That’s just what is up for auction in January at the Barrett-Jackson auction at WestWorld of Scottsdale.

The 1967 GT500 (Lot #5024) is not only the lowest mileage with only 9,841 on the clock but it is also all original and unrestored.

The Shelby is owned by Stephen Becker, president and CEO of Planet Cobra, which specializes in offering 1965-1970 Shelby Mustangs to clients internationally. He and Shelby expert Jim Cowles will be on-site to answer questions about the car and meet with individuals and discuss the vintage Shelby market.

“This car was one of the first GT500’s ever produced by Shelby American,” Becker said. “From its design and performance to its heritage and history, there’s truly nothing like it. It is a testament to the uniqueness of this special survivor Shelby that Barrett-Jackson will feature it as they honor Carroll Shelby this year.”

Barrett-Jackson plans to honor the late Mr. Shelby, who died in May 2012, with a party commemorating what would have been his 90th birthday on January 11. From the gala to an amazing group of the most desirable Shelby cars that will cross the block, the Scottsdale event will honor the automotive legend.

“Carroll Shelby was an American icon whose influence will continue to shape the automotive landscape for years,” said Steve Davis, president of Barrett-Jackson. “The ’67 Shelby GT500s were a major milestone for Shelby American with its big block power and larger platform. Low-mileage survivor cars like this one from Stephen Becker, who is a recognized Shelby expert, are often cited as desirable collectibles. Not only do they provide a way to keep Carroll Shelby’s legacy alive, they are important pieces of history.”

The car has an intriguing history. In 1966, Edward Milkos ordered the ’67 Shelby for drag racing. After the car was delivered on February 27, 1967, he spent the next two years competing in races. Unfortunately, his amateur racing career ended with a serious injury. By the time Milkos recovered, fuel prices had risen dramatically and the car was stored in his basement. After 30 years, Milkos traded in the Shelby for a late-model car.

This GT500 is in Nightmist Blue with black interior, a color combination highly desired by collectors. It is loaded with a 428 Police Interceptor engine and a dual four-barrel carburetion. The car has its original paint, wheel, tires and drivetrain. It includes all original documentation including New Jersey license plates and a 1970 inspection sticker.

Displayed at the Shelby Headquarters in Las Vegas, the GT500 went on tour in 2010. It was one of 20 vehicles invited to the Shelby tribute at the Quail in Monterey and appeared at the SAAC convention.

“This original, unrestored, well-documented, all-matching numbers vehicle is one of the rarest Shelby’s ever built,” Becker said. “This low mileage Shelby still has its original engine, transmission and rear end. I hope that it will go to someone who will understand and appreciate its value. It would certainly be the crown jewel of any collection.”

The Barrett-Jackson auction takes place Jan 13-20 at WestWorld of Scottsdale, with 39 hours of live coverage on SPEED. For more information about the January event, see Barrett-Jackson.com.